Odense,
Denmark

Opening
1971

Acquisition
2013

shops
160

leasable area
100,000 sqm

H&M • TOYS“R“US • ZARA •
POWER • Foetex

The Investment

 

Situated in Odense, the third largest city in Denmark, Rosengårdcentret is an established and dominant shopping centre with a long and successful trading history. Due to its size, prime location with easy accessibility and visibility, limited competition and strong and well-diversified tenant mix, the centre is the prime shopping destination for the entire island of Funen (in excess of 500,000 inhabitants).

The Investment Strategy

  • Strong operational value creation since acquisition:
    • Restructuring/re-leasing of a hypermarket space (14,000 sqm) into 20 new retail units including the first Zara outside of Copenhagen
    • State-of-the-art mall refurbishment leading to a large-scale centre revitalisation
  • Further upside expected following the completion of a planned restructuring, revitalisation and re-leasing strengthening the branch offering in the centre

Address:

Örbaekvej, 75
Torvet, 1. sal
5220 Odense SØ
Denmark

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